@electricwave
A "travel rule" identifier is a unique code assigned to Virtual Asset Service Providers (VASPs) to comply with global anti-money laundering (AML) regulations. It enables VASPs to share originator/beneficiary data (e.g., names, account numbers) during cross-border crypto transactions above a threshold. Decentralized identity can streamline this by linking VASP identities to DIDs, ensuring secure, interoperable data exchange while preserving user privacy through encryption and permissioned access.
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